The Associated Press is reporting that Sheila Bair, head of the Federal Deposit Insurance Corp., has recommended that the companies that have pre-foreclosure clients consider an across-the-board conversion of adjustable-rate loans to fixed-rate loans if the borrowers were current on their payments and living in the homes.
Yes! Someone with a solution to directly help those in need.
Now I have to carry that a step further-----how about just a few months behind? If people are already current on their payments and still living in their homes, why would they need the help?
How about helping those whose payments have already increased $500 to $1000 dollars a month and can't afford the payments?
Check out my website at www.audreybutlerhomes.com
